Nasdaq Long Overdue Correction or New Bear

12 Eyl 2020

Nasdaq has entered a corrective wave structure and has completed the A and B of an ABC corrective pattern after reaching new ATH's at 12464 on Sept 2. Either this is a brief ABC corrective structure after a super move up off the March lows OR we have begun what I consider to be a 3-5 bear market in which the Nasdaq will head much much lower.